The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Cheltenham
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
110 jobs Number of planned job losses
Announcement Date
26 June 2008
Employment effect (start)
Foreseen end date
Description
GE Aviation, an aerospace engineering company, has announced that it plans to close its site in Cheltenham with the loss of 110 jobs. The job losses were blamed on increased competition, and the work will be relocated to the companies other centres. The majority of the work will be relocated to Wolverhampton and the Isle of Man but some activities will be relocated to China. The company promised to assist its staff in finding alternative employment locally or redeploying those affected. The company has begun a 90 day consultation period with the Union.
Sources
26 June 2008: BBC Website
Citation
Eurofound (2008), GE Aviation, Relocation in United Kingdom, factsheet number 66801, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66801.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
